In Wednesday's Wall Street Journal, economists Mark Perry and Donald Boudreaux of the American Enterprise Institute refuted the "myth" of the declining middle class, with statistics that show we're better off today than we were in 1950.

A hurricane can be the ultimate equalizer. No matter where on the socio-economic spectrum they stood before the storm, its victims afterward had many of the same needs: food, shelter, electricity and flushable toilets. But some "necessities" are of a more sophisticated nature.

As the income gap between rich and poor widens, a majority of Americans say the growing divide is bad for the country and believe that wealthy people are paying too little in taxes, according to a new survey.

Using the Social Security Administration's online system, you can run tailor-made scenarios showing how much you'll get from the government benefit when you retire. And from there, you can plot out your master retirement plan.

The average Gen Xer is on track to face $1,700 a month income gap in retirement. The average baby boomers will fall a whopping $2,100 a month short.
Those may sound like insurmountable numbers, but don't throw in the towel yet.

Generations of Americans are facing threadbare finances in retirement: Judging by what people say they expect to spend versus what they expect to take in, the disparity between income and expenses will be severe.

The young, upwardly mobile professional was the defining American character in the 1980s, and caused us to coin the word "Yuppies." Today, the dominant trajectory is the reverse: Downward mobility, unemployment and poverty are the defining themes. We're in the Dumps -- so are Dumpies the new Yuppies?

America's big income disparity is creating an economy that's dependent on the spending and investing of the wealthiest. As a result, economic growth may increasingly mean 95% of Americans are still not doing better financially.